Comparative financial statements for Weller Corporation, a merchandising company, for the year ending December 31 appear below. The company did not issue any common stock during the yearA total of 500,000 shares of common stock were outstanding. The interest rate on the bond payable was 10%, the income tax rate was 40%, and the dividend per share of common stock was $0.75 last year and $0.40 this yearThe market value of the company's common stock at the end of this year was $ 30. All of the company's sales are on account.Required : Compute the following financial data and ratios for this year Working capital Note: Enter your answer in thousands 2. Current ratio Note: Round your answer to 2 decimal places 3. Acid-test ratio Note: Round your answer to 2 decimal places

Weller Corporation Comparative Balance Sheet (dollars in thousands) This Last Year Year Assets Current assets: $ $ Cash 1, 260 1,370 Accounts receivable, net 9,300 7,500 Inventory 13,500 10, 800 Prepaid expenses 750 650 Total current assets 24, 810 20, 320 Property and equipment: Land 9, 100 9, 100 Buildings and equipment, net 45, 873 40, 804 Total property and equipment 54, 973 49,904 Total assets $ 79, 783 70,224 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 19, 400 19, 100 Accrued liabilities 1, 000 870 Notes payable, short term 150 150 Total current liabilities 20,550 20, 120 Long-term liabilities: Bonds payable 8, 600 8,600 Total liabilities 29 , 150 28, 720 Stockholders' equity: Common stock 500 500 Additional paid-in capital 4,000 4,000 Total paid-in capital 4,500 4 , 500 Retained earnings 46, 133 37, 004 Total stockholders' equity 50, 633 41,504 Total liabilities and stockholders' equity 79, 783 70,224 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Last Year Year Sales $ 75, 000 65, 000 Cost of goods sold 40, 000 36,000 Gross margin 35 , 000 29,000 Selling and administrative expenses : Selling expenses 11, 100 10, 800 Administrative expenses 7,200 6,900 Total selling and administrative expenses 18, 300 17, 700 Net operating income 16, 700 11, 300 Interest expense 860 860 Net income before taxes 15, 840 10, 440 Income taxes 6,336 4, 176 Net income 9, 504 6,264 Dividends to common stockholders 375 200 Net income added to retained earnings 9, 129 6, 064 Beginning retained earnings 37, 004 30, 940 Ending retained earnings 46, 133 37, 004 Required: Compute the following financial data and ratios for this year: 1. Working capital